Cake (CAKE) Review (9.17/10⭐)



Click to see screenshots
The Cake token is a cryptocurrency with a focus on decentralized applications. This means that no central authority can take control of the network, and there’s no fixed supply of coins. This also means that banks or other financial institutions do not issue it. It is a decentralized cryptocurrency with no central authorities to dictate its development and adoption. Cakecoin is the first cryptocurrency to implement the Proof of stake consensus model.
CAKEUSDT (0.88%)
$4.013
December 3, 2022, 12:04 pm [UTC]

9.17 rating

Visitor Consensus on Cake Today
Positive: 53.13%Negative: 46.87%
What's your view on Cake today?
 
›› Buy/Sell Cake here

 

The native token of Pancakeswap is called CAKE, making you hungry to start trading and earning yield. They offer multiple different use cases, such as staking, liquidity mining, yield farming and trading. Discover more about the cryptocurrency Cake below.

 

A Bit About Cake

This token was started by Julian Hosp, a serial entrepreneur who has been involved in the blockchain community for many years. He was inspired to create it after becoming frustrated with the high cost of cryptocurrency exchanges and the number of scams he encountered. He wanted to create a platform that would allow users to store their tokens securely while providing a way for users to convert their tokens into goods and services. Users in its ecosystem use it to pay transaction fees, reward incentives to developers and users of dApps, and purchase goods and services from other dApps or the Cake platform.

CAKE is the yummy crypto token that powers the PancakeSwap ecosystem.CryptoLists.com
 

Cake is the native token of PancakeSwap.

 

Utility of Cake?

People and organizations use it to pay for goods and services on the platform. This includes people who want to pay for goods or services in the Cake app, and companies that will use it as a form of payment for their products. This is because it is a utility token with a stable value, and is useful for paying for products on the platform. By owning this token, consumers will be able to buy goods and services directly from the platform, and use it to pay for services.

Cake Price details

BSC Contract address: 0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82
›› Details & Tokenomics



Very speculative and theoretical potential data
Last updated: December 3, 2022, 11:39 am
›› CAKE tokenomics and social media
 

Advantages of Cake

+ This cryptocurrency can be used to vote on content.
+ Cake is a deflationary crypto token.
+ Cake token can be used to earn rewards.
 

Disadvantages

- CAKE is a niche token.
- Cake Isn't Available on Major Exchanges.
 

Costs

▪ Rated at 10/10

According to its website, this token cost is $7.07 per token as of March 2022. Its cost is influenced by market forces and can fluctuate, but a large part of the cost is determined by the size of the Cake platform’s user base and the number of dApps built on top of it.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 9/10

The Cake's platform has a very strong and active community. According to its website, the community comprises more than 100,000 members of its Telegram group, which is open to all users. The community is active and helpful, and the developers have created several quality applications that have been downloaded over 10 million times. Several reviews show that the platform is secure and easy to use.

 

FAQ

Cake CFD at Skilling
Where can I buy the cryptocurrency called CAKE?

There are multiple DEX, exchanges and platforms offering trading, buying and selling the cryptocurrency called Cake. Some exchanges that Crypto Lists made review about include Binance and Biswap. Once you have your tokens, you can start using them to earn rewards. For example, you can stake your tokens in the Defi protocol Compound and earn interest on your deposit.

If you like leverage, you can go with Skilling (review), that offer super low prices and have leverage available for those that wish. You can also contact Skilling's customer support if you like to trade without leverage.

What is the Purpose of this Token?

This token is designed to help fund the development of the CakeDAO ecosystem and incentivize good behavior within the network. By staking it, users can earn rewards for participating in governance decisions and helping to keep the network secure. In addition, it can be used to pay fees associated with using CakeDAO services, and can also be traded on exchanges for other cryptocurrencies.

›› Trade Cake here›› Buy/Sell Cake here

Screenshots from Cake

Click for larger image
 

More sites where to buy/sell/trade Cake

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
CAKE, CAKE/USDT
CAKE, CAKE/BSW, CAKE/BNB, CAKE/BUSD
CAKE/USD CFDs, CAKE/EUR CFDs
CAKE/USDT, CAKE/USDT
CAKE/USD
CAKE/BNB, CAKE/BTC, CAKE/BUSD, CAKE/GBP, CAKE/USDT
CAKE/BTC CFDs, CAKE/USD CFDs
CAKE/USDT
CAKE/BTC, CAKE/USDT
CAKE/USDT
CAKE/ETH, CAKE/USDT
CAKE/BTC, CAKE/USDT
 

Cake details and tokenomics

Cake Ticker: CAKE
BSC Contract address: 0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82
Type of crypto: token-bsc
Launch/ICO Date: March 10, 2020
Resources & Social media
🔗Blockchain URL: https://bscscan.com
Recent crypto sites
Recent crypto coins
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top